March 27, 2025 @ 12:29 pm By JD Alois  |  

Lloyds Banking Group has partnered with Cambridge Spark to improve its AI capabilities across its senior management teams. Founded in 2016 by Dr. Raoul-Gabriel Urma, Cambridge Spark is a digital skills education provider. In a company statement, Lloyds said its “Leading with AI” program will… Read More

March 27, 2025 @ 12:10 pm By JD Alois  |  

The Securities and Exchange Commission has continued its retreat from regulation by enforcement regarding digital asset firms by ceasing its enforcement action against crypto exchange Kraken. Also known as Payward and Payward Ventures, the Commission said the case was dismissed with prejudice, which means permanently…. Read More

March 27, 2025 @ 10:43 am By JD Alois  |  

Private equity (PE) caught some traction in 2024 as investments and exits finally reversed their two-years of declines. Like most capital, the challenging economic environment impacted capital markets in the past few years. Yet according to a recent report by Bain, things could turn around… Read More

March 27, 2025 @ 10:23 am By JD Alois  |  

Zilch is highlighting that the Financial Times has declared it the fastest-growing Unicorn in the UK. According to the company, Zilch is a payments Fintech that has experienced 300% compound annual growth over the last three years. Earlier this year, Zilch was recognized by the… Read More

March 27, 2025 @ 9:49 am By Omar Faridi  |  

Equifax (NYSE: EFX) has launched a new solution, The WorkNumber Report Indicator, enabled by the Equifax Cloud to empower lenders by delivering a  Equifax credit report with an indicator of “employment status earlier in the mortgage qualification process.” The current lending environment requires a fuller view… Read More

March 27, 2025 @ 8:31 am By Omar Faridi  |  

In a move to help lenders leverage open banking enabled consumer-permissioned transaction data, Experian announced the launch of Cashflow Score. The solution is the latest in a list of products that may be used to make lending decisions and provides “up to 25% lift in predictive… Read More

March 27, 2025 @ 7:29 am By Omar Faridi  |  

TransUnion (NYSE: TRU) announced it completed a FedRAMP Ready assessment for TruValidate solutions for government, which help public agencies interact with American public users to help protect against fraud. The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides “a standardized… Read More

March 27, 2025 @ 6:29 am By Omar Faridi  |  

Stripe, the financial infrastructure platform for businesses, announced that CLEAR—an identity verification platform trusted by over 30 million customers—is moving its payments and billing to Stripe. CLEAR is known for its flagship membership, CLEAR Plus, which uses biometrics to “speed up identity verification at airports.”… Read More

March 27, 2025 @ 6:28 am By Omar Faridi  |  

Block (NYSE: XYZ), the fintech co-founded by Jack Dorsey, announced a significant workforce reduction, laying off 931 employees—approximately 8% of its total staff. Known for its subsidiaries Square, Cash App, and TIDAL, Block framed the layoffs as a strategic move to enhance organizational efficiency rather than… Read More

March 27, 2025 @ 6:27 am By Omar Faridi  |  

Akur8, the artificial intelligence (AI)-based pricing solution dedicated to insurers, announces today that the Covéa Group, an insurance provider in France, has chosen its platform to optimize its pricing processes. This collaboration will enable Covéa to accelerate its pricing cycles, enhance the “accuracy of its… Read More

March 27, 2025 @ 6:26 am By Omar Faridi  |  

The rise of cryptocurrency has not only disrupted traditional finance but also presented new avenues for illicit activity. However, as detailed in Chainalysis’ report, the transparency of blockchain technology has both advantages and certain drawbacks. Chainalysis explained in the update that while criminals move billions… Read More

March 27, 2025 @ 6:25 am By Omar Faridi  |  

Fenergo, the provider of AI-powered solutions for Know Your Customer (KYC), Anti-Money Laundering (AML) and Client Lifecycle Management (CLM), announced that it has partnered with Aduro Advisors, LLC, a  US-based fund administrator serving venture capital and private equity firms. This collaboration reinforces Aduro’s commitment to… Read More

March 27, 2025 @ 1:52 am By JD Alois  |  

The Spring Statement, delivered by the Chancellor of the Exchequer, Rachel Reeves, provided much policy to ponder. Buried within the documents were references to PISCES, or the Private Intermittent Securities and Capital Exchange System—a private securities marketplace. While still in the works, PISCES aims to provide a… Read More

March 26, 2025 @ 4:52 pm By JD Alois  |  

While a draft version of the Stable Act has been in circulation for some time now, the House Financial Services Committee has officially introduced the legislation, which aims to enable a regulated environment for the issuance of stablecoins. While many global jurisdictions are pursuing CBDCs… Read More

March 26, 2025 @ 4:09 pm By Omar Faridi  |  

Nubank Crypto, part of Nubank (NYSE: NU), announced that clients will have access to new coins. The tokens Cardano (ADA), NEAR Near Protocol (NEAR), Cosmos (ATOM), and Algorand (ALGO) will “complement Nubank’s crypto investment portfolio, which already includes 16 other options such as Bitcoin, Ether,… Read More

March 26, 2025 @ 4:04 pm By Omar Faridi  |  

Trulioo, an identity platform with proven global coverage for person and business verification, announced across-the-board advances in its Identity Document Verification from innovation around AI and machine learning models. Trulioo has found advanced fraud techniques – such as ID alterations and deepfakes – account for… Read More

March 26, 2025 @ 3:59 pm By Omar Faridi  |  

Further expanding their partnership, CME Group and Google Cloud announced that they are piloting solutions for wholesale payments and tokenization of assets. CME Group has reportedly completed the first phase of integration and testing of Google Cloud Universal Ledger (GCUL), a distributed ledger from Google… Read More

March 26, 2025 @ 3:58 pm By Omar Faridi  |  

The World Economic Forum’s Global Retail Investor Outlook 2024 released confirms a sustained shift towards younger retail investors. Spanning 13 economies, the research finds that 30% of Gen Z start investing in early adulthood – “compared to 9% of Gen X and 6% of Baby… Read More

March 26, 2025 @ 3:57 pm By Omar Faridi  |  

Kin Interinsurance Network, one of the reciprocal exchanges managed by Kin, the direct-to-consumer, digital home insurance provider, announced the successful closure of a $300 million catastrophe bond transaction through Hestia Re Ltd., “marking the reciprocal exchange’s third venture into the insurance-linked securities (ILS) market.” The… Read More

March 26, 2025 @ 12:09 pm By JD Alois  |  

The American Fintech Council (AFC) has issued a statement addressing Virginia Governor Glenn Youngkin’s veto of SB 1252. The legislation sought to cap interest rates on certain credit options. SB 1252 stated that except as otherwise permitted by law, no contract shall be made for… Read More